Well, there you have it! The negative trend in NPAT has now...

Well, there you have it! The negative trend in NPAT has now stopped trending and fallen over the cliff with drop of more than $4mil in one year! And the same old excuses.

Also now there going to be less product lines.... how is this going to increase sales? Cutting 500 product items may sound impressive to some but what it comes down to is cutting complete earlier generation Austco systems. Is there no longer a demand for these lower cost and more profitable systems... if not in the US then in its other markets, least of all Australia?

Plus a new (probably higher) price list for Tecera.... US manufacturing costs is claimed to be lower!

I might be wrong, but as far as I know, products do not have to be manufactured in the US to get and maintain FDA registration or UL1069. If I remember correctly Austco's factory in Australia already had and maintained UL1069 for some of it's products.

I won't be surprised to see a capital raising soon. Isn't that what this statement foreshadows " The Company continues to review and monitor its operating cash flow requirements going forward in light of anticipated full year revenue and restructuring programs".

So sad but looks like another Australian company overcome by the American hype.

JazzMan